American Green, Inc.™
(OTC:ERBB)
Revenue at New Cannabis
Grow
Estimated over $15,000,000 Annually
When fully operational, the new $ERBB
40,000 sf facility projects over 700% more annual
revenue
PHOENIX, AZ -- January 13,
2022 -- InvestorsHub NewsWire -- Today, American Green,
Inc. (OTC:ERBB) announced that the architectural plans for
its " Cypress Chill " grow operation have been revised and now show
that, when complete, its new state-of-the-art complex is expected
to have annual gross revenue of more than $15 million per year
compared to its original estimate of more than $10 million annually
that it projected in August 2021. The projected additional
gross revenue is approximately 700% more gross annual revenue than
American Green's approximate $2 million annual
revenue.
American Green president, David G.
Gwyther said, "We have to give the credit for these increased
annual revenue projections to the architectural staff working with
Gierczyk Inc. and especially its president Mr.Jimmy Gierczyk.
Mr. Gierczyk has been personally involved with our corporate
expansion plans since we hired his company about a year
ago.
Credit also has to be given to our
amazing cannabis grow operation team. That starts at the top with
our Director of Operations, Bryan Croteau, who has been with
American Green for over 3 years now and has been working daily with
Gierczyk to improve and revise the Cypress Chill plans.
I also want to recognize our newest
$ERBB employee Mr. Jacob Cohen, Director of Cultivation. Jacob has
been working alongside Mr. Croteau and Mr. Gierczyk to develop a
highly efficient, state-of-the-art design meant to produce the
highest quality of Cannabis for the growing Medical and
Recreational market in Arizona.
American Green $ERBB is working
with some of the best manufacturers in the US and the world to
equip the facility with custom-made equipment built to extract the
most product out of the square footage at the Cypress Chill
facility. Whether it's the environmental controls being
manufactured by Agronomic IQ, the top-of-the-line Efinity LED
lighting, or the custom-built benches being produced in Holland.
Each piece of equipment is customized to not only produce the
quality our customers expect but also enable American Green to
produce the quantity our shareholders expect.
Shareholders and interest holders may also
stay current with American Green
Updates:
American Green's Main Website
at www.americangreen.com
American Green's CBD
store at www.americangreencbd.com
Twitter: @American__Green (two
underscores), or
Facebook: https://www.facebook.com/americangreenusa
Instagram: https://www.instagram.com/americangreenusa/
About American Green,
Inc.
In 2009, American Green, Inc. became America's
second publicly traded company in the cannabis sector. American
Green now, with its more than 50,000 certified beneficial
shareholders, is one of the largest (in shareholder count) in
the cannabis sector. American Green's mission is to lead the
cannabis and premium CBD industry.
Leveraging our team of
professionals in cultivation management, manufacturing, extraction,
wholesale, retail, and community outreach, we strive to develop
sustainable
initiatives in the
cannabis-adjacent and CBD industries, laser-focused on adding
company and shareholder value.
For more information
-
Contact:
American Green, Inc.
Investor Relations
2902 W. Virginia Ave
Phoenix, AZ
85009
480-443-1600 X555
investor@americangreen.com
NOTES ABOUT FORWARD-LOOKING
STATEMENTS
Except for any historical
information contained herein, the matters discussed in this press
release contain forward-looking statements that involve risks and
uncertainties, including those described in the Company's
Securities and Exchange Commission reports and filings. Certain
statements contained in this release that are not historical facts
constitute forward-looking statements, within the meaning of the
Private Securities Litigation Reform Act of 1995, and are intended
to be covered by the safe harbors created by that Act. Reliance
should not be placed on forward-looking statements because they
involve unknown risks, uncertainties and other factors, which may
cause actual results, performance or
achievements to differ materially
from those expressed or implied. Forward-looking statements may be
identified by words such as estimates, anticipates, projects,
plans, expects, intends, believes, be should, and similar
expressions and by the context in which they are used. Such
statements are based upon
current expectations of the Company
and speak only as of the date made. The Company undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances after the date on which they are
made.